THAILAND: SEC and SET Collaborate to Enhance the Efficiency of Joint Supervision of Capital Markets

Monday November 4 2024

On 30^th October 2024, the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) jointly signed an amended Memorandum of Understanding (MOU) to enhance the efficiency of joint supervision of the capital market under the legal framework and regulations of each organization on October 29, 2024.

This MOU has improved the framework of cooperation between the two organizations in regulatory work to be clearer, reduce redundancy, and align with the current capital market ecosystem and changes, as well as support future trends, namely

1. supervision of companies offering securities to the public and supervision of listed companies,
2. supervision of securities business operators and members of the Stock Exchange of Thailand,
3. monitoring of trading of listed securities and enforcement of laws, and (4) issuing regulations or rules of the Stock Exchange of Thailand.

In addition, there will be an increase in support and exchange of regulatory information between each other to make the duties of each organization more efficient, such as jointly considering requests for indirect listings (Backdoor Listing), requests to resume trading of listed companies after resolving the reasons for possible revocation (Resume Trading) to ensure that the consideration process has the same standards as accepting new listed securities.

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